1st Credit offer or con?

Taffydragon57

I've recently had a letter from 1st Credit offering to pay 95% on an old debt if I pay 5%. Seemed like a good idea just to get rid of this. I paid my 5% which was accepted by 1st Credit. I now want to know if this was 'too good' to be true or was it a trick to catch me? Anyone else done this or have I opened up more trouble?

Malmo

How old is the debt? That is the key bit of information needed to answer your question. If the debt is over 6 years old AND you've not acknowledged it or paid anything towards it, then the debt should be statute barred anyway and therefore, legally unenforceable.